#内容挖矿 Unexpectedly cold non-agricultural data in the US, sharp depreciation of the dollar, sharp decline in cryptocurrencies, sharp decline in the US stock market, sharp decline in gold, Citigroup predicts a 125-point interest rate cut in the US! But the Chinese yuan has risen by 1000 points! This weekend, the money market funds are no longer calm! Last night, unexpectedly cold non-agricultural data in the US, expected to be 175,000 people but actually only 114,000 people, the unemployment rate is 4.3%, much lower than expected, leading to a rapid decline in the US stock market, technology stocks are severely affected. Intel's 15,000 job cuts have reduced the stock price by 26%, and it is expected to continue cutting because after this cut, they will only have 95,000 employees, while Nvidia only has 20,000 employees. Therefore, the expectation of a Fed interest rate cut has increased significantly, the possibility of a rate cut in September is almost 100%, it seems that this time they cannot resist anymore. The team leader has said that prolonging without cutting interest rates is to weaken us (see the analysis on the 29th in the figure below). According to Citigroup's pessimistic forecast, the Fed could cut the basic interest rate by 125 points in the second half of the year, which means a 50-point reduction in September and an additional 50 points in November. Clearly, the US economy really can't bear it, while the A50 index is still holding steady and the Chinese yuan has surged by 1000 points, it seems that this time we have won the financial war!!

In fact, not only the United States, many foreign countries have long been unable to bear it, Switzerland, Canada have reduced interest rates twice this year, the European Central Bank has reduced interest rates for the first time since June, the United Kingdom also announced a rate cut on Thursday last week, while the Bank of Japan raised interest rates suddenly on July 31, however, interest rate hikes in Japan often occur when the economy is predicted to slump, opposite but the same logic.
In summary, after the global economic recession, will cryptocurrency assets become the ultimate safe haven? #BTC